Which goods xem bóng đá trực tiếp vtv2 services are not subject to VAT in Vietnam?

Which goods xem bóng đá trực tiếp vtv2 services are not subject to VAT in Vietnam?

Under Article 5 of theLaw on Value-Added Tax 2008, as amended by Clause 1, Article 1 of theAmendments to the Law on Value-Added Tax, the Law on Special Consumption Tax, xem bóng đá trực tiếp vtv2 the Law on Tax Administration 2016, Clause 1, Article 1 of theAmendments to the Law on Value-Added Tax 2013, xem bóng đá trực tiếp vtv2 supplemented by Clause 1, Article 3 of theLaw on Amendments to Tax Laws 2014, the goods xem bóng đá trực tiếp vtv2 servicesnotsubject to VAT in Vietnam include:

- Farming, breeding, aquaculture produces that have not been processed into other products or have only been preliminary processed by the manufacturers or catchers when they are sold xem bóng đá trực tiếp vtv2 imported.

Enterprises xem bóng đá trực tiếp vtv2 cooperatives buying farming, breeding, aquaculture produces that have not been processed into other products or have only been preliminary processed xem bóng đá trực tiếp vtv2 selling them to other enterprises or cooperatives are not required to declare xem bóng đá trực tiếp vtv2 pay VAT but may deduct input VAT.

- Products which are animal breeds xem bóng đá trực tiếp vtv2 plant varieties, including breeding eggs, breeding animals, seedlings, seeds, sperms, embryos xem bóng đá trực tiếp vtv2 genetic materials.

- Irrigation xem bóng đá trực tiếp vtv2 drainage; soil ploughing xem bóng đá trực tiếp vtv2 harrowing; dredging of intra-field canals xem bóng đá trực tiếp vtv2 ditches for agricultural production; services of harvesting farm produce.

- Fertilizers, specialized machinery xem bóng đá trực tiếp vtv2 equipment serving agricultural production; offshore fishing vessels; feed for cattle, poultry, xem bóng đá trực tiếp vtv2 other animals;

- Salt products made of seawater, natural rock salt, refined salt xem bóng đá trực tiếp vtv2 iodized salt.

- State-owned residential houses sold by the State to current tenants.

- Transfer of land use rights;

- Life insurance, student insurance, insurance on domestic animals, insurance on plants xem bóng đá trực tiếp vtv2 reinsurance.

- Credit provision services; securities trading; capital transfer; derivative financial services, including interest-rate swap contracts, forward contracts, futures contracts, call or put options, foreign currency sales, xem bóng đá trực tiếp vtv2 other derivative financial services as prescribed by law.

- Health services, veterinary medicine services including medical examination xem bóng đá trực tiếp vtv2 treatment services for human xem bóng đá trực tiếp vtv2 animals; care services for elderly people xem bóng đá trực tiếp vtv2 disabled people.

- Public post xem bóng đá trực tiếp vtv2 telecommunications xem bóng đá trực tiếp vtv2 universal Internet services under the Governments programs.

- Public services on sanitation xem bóng đá trực tiếp vtv2 water drainage in streets xem bóng đá trực tiếp vtv2 residential areas; maintenance of zoos, flower gardens, parks, street greeneries xem bóng đá trực tiếp vtv2 public lighting; funeral services;

- Renovation, repair xem bóng đá trực tiếp vtv2 construction of cultural, artistic, public service xem bóng đá trực tiếp vtv2 infrastructure works xem bóng đá trực tiếp vtv2 residential houses for social policy beneficiaries, which are funded with peoples contributions or humanitarian aid.

- Teaching xem bóng đá trực tiếp vtv2 vocational training as provided for by law.

- State budget-funded radio xem bóng đá trực tiếp vtv2 television broadcasting.

- Publication, import xem bóng đá trực tiếp vtv2 distribution of newspapers, journals, specialized bulletins, political books, textbooks, teaching materials, law books, scientific-technical books, books printed in ethnic minority languages as well as propaganda postcards, pictures xem bóng đá trực tiếp vtv2 posters, including those in the form of audio or visual tapes or discs or electronic data; money printing.

- Mass transit by bus xem bóng đá trực tiếp vtv2 tramcar.

- Machinery, equipment xem bóng đá trực tiếp vtv2 supplies which cannot be manufactured at home xem bóng đá trực tiếp vtv2 need to be imported for direct use in scientific research xem bóng đá trực tiếp vtv2 technological development activities; machinery, equipment, spare parts, special-purpose means of transport xem bóng đá trực tiếp vtv2 supplies which cannot be manufactured at home xem bóng đá trực tiếp vtv2 need to be imported for prospecting, exploring xem bóng đá trực tiếp vtv2 developing oil xem bóng đá trực tiếp vtv2 gas fields; aircraft, drilling platforms xem bóng đá trực tiếp vtv2 ships which cannot be manufactured at home xem bóng đá trực tiếp vtv2 need to be imported for the formation of enterprises fixed assets or which are hired from foreign parties for production xem bóng đá trực tiếp vtv2 business activities or for lease.

- Special-purpose weapons xem bóng đá trực tiếp vtv2 military equipment for security xem bóng đá trực tiếp vtv2 defense purposes.

- Goods imported as humanitarian aid or non-refundable aid; gifts for state agencies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations or peoples armed forces units; donations or gifts for Vietnam-based individuals within the Government-prescribed quotas; belongings of foreign organizations xem bóng đá trực tiếp vtv2 individuals within diplomatic immunity quotas; xem bóng đá trực tiếp vtv2 personal effects within duty-free luggage quotas.

Goods xem bóng đá trực tiếp vtv2 services sold to foreign organizations or individuals or international organizations for use as humanitarian aid, xem bóng đá trực tiếp vtv2 non-refundable aid to Vietnam.

- Goods transferred out of border gate or transited via the Vietnamese territory; goods temporarily imported for re-export; goods temporarily exported for re-import; raw materials imported for the production or processing of goods for export under contracts signed with foreign parties; goods xem bóng đá trực tiếp vtv2 services traded between foreign countries xem bóng đá trực tiếp vtv2 non-tariff areas xem bóng đá trực tiếp vtv2 between non-tariff areas.

- Technology transfer under the Law on Technology Transfer; transfer of intellectual property rights under the Law on Intellectual Property; computer software.

- Gold imported in the form of bars or ingots which have not yet been processed into fine-art articles, jewelries or other products.

- Exports that are raw natural resources or minerals which have not been processed into other products; exports that are goods processed from natural resources or minerals where the total value of natural resources or minerals plus energy costs makes up at least 51% of the product price.

- Artificial products used for the substitution of diseased peoples organs; crutches, wheelchairs xem bóng đá trực tiếp vtv2 other tools used exclusively for the disabled.

- Goods xem bóng đá trực tiếp vtv2 services of business individuals who have a monthly income lower than the common minimum salary level applicable to domestic organizations xem bóng đá trực tiếp vtv2 enterprises.

Establishments trading in non-taxable goods or services specified in Article 5 oftheLaw on Value-Added Tax 2008are not entitled to input value-added tax credit or refund, except the cases subject to the tax rate of 0% specified in Clause 1, Article 8 of theLaw on Value-Added Tax 2008.

Which goods xem bóng đá trực tiếp vtv2 services are not subject to VAT in Vietnam? (Image from Internet)

What are the bases for calculating VAT​ in Vietnam?

Pursuant to Article 6 of theLaw on Value-Added Tax 2008, the basis for calculating value-added tax is the taxable price xem bóng đá trực tiếp vtv2 the tax rate.

What are the regulations onthe taxable prices for VAT in Vietnam?

Pursuant to Article 7 of theLaw on Value-Added Tax 2008, as amended by Clause 2, Article 1 of the Law onAmendments to the Law on Value-Added Tax 2013xem bóng đá trực tiếp vtv2 Point c, Clause 2, Article 6 of theLaw on Amendments to Tax Laws 2014, the taxable prices for value-added tax are regulated as follows:

- The taxable price is specified as follows:

+ Taxable prices of goods xem bóng đá trực tiếp vtv2 services are VAT-exclusive prices; taxable prices of goods xem bóng đá trực tiếp vtv2 services subject to special excise duty are the prices inclusive of subscriber information xem bóng đá trực tiếp vtv2 exclusive of VAT; taxable prices of goods subject to environmental protection tax are prices inclusive of environmental protection tax xem bóng đá trực tiếp vtv2 exclusive of VAT; taxable prices of goods subject to special excise duty xem bóng đá trực tiếp vtv2 environmental protection tax are prices inclusive of special excise duty xem bóng đá trực tiếp vtv2 environmental protection tax xem bóng đá trực tiếp vtv2 exclusive of VAT;

+ Taxable prices of imported goods are prices at the border checkpoint plus import tax (if any) plus special excise duty (if any) plus environmental protection tax (if any). Import prices at the border checkpoint shall be determined in accordance with the regulations on taxable prices of imported goods;

+ For goods xem bóng đá trực tiếp vtv2 services used for barter, internal consumption or donation, the taxable price is the price for calculating value-added tax on goods xem bóng đá trực tiếp vtv2 services of the same or equivalent kinds at the time of barter, consumption or donation;

+ Taxable prices of the lease of property are the rents exclusive of VAT.

If the rent is paid in instalments or paid in advance for a certain period of time, the taxable price is the instalment or the advanced payment exclusive of VAT;

+ For goods sold by mode of installment or deferred payment, the taxable price is the lump-sum selling price of such goods, exclusive of value-added tax, excluding the interest on installment or deferred payment;

+ For goods processing, the taxable price is the processing remuneration exclusive of value-added tax;

+ For construction xem bóng đá trực tiếp vtv2 installation activities, the taxable price is the value of the handed-over work, work item or job, exclusive of value-added tax. If construction or installation activities do not cover materials, machinery or equipment, the taxable price is the construction or installation value, excluding the value of materials, machinery or equipment;

+ For real estate trading, the taxable price is the real estate-selling price exclusive of value-added tax, excluding the charge for transferring land use rights or the land rent remittable into the state budget;

+ For commission-enjoying goods or service trading agency xem bóng đá trực tiếp vtv2 brokerage, the taxable price is the commission on these activities, exclusive of value-added tax;

+ For goods xem bóng đá trực tiếp vtv2 services for which payment documents indicating payment prices inclusive of value-added tax are used, the taxable price is determined according to the following formula:

- Taxable prices of goods xem bóng đá trực tiếp vtv2 services specified in Clause 1 of Article 7 of theLaw on Value-Added Tax 2008include surcharges xem bóng đá trực tiếp vtv2 additional charges to be enjoyed by business establishments.

- Taxable prices are determined in Vietnam dong. In case taxpayers have foreign currency turnover, such turnover must be converted into Vietnam dong at the average exchange rate on the inter-bank foreign currency market, announced by the State Bank of Vietnam at the time turnover is generated, for the determination of taxable prices.